One interesting possibility is for Disney to acquire Candle Media. It was launched in 2021 by former Disney executives Kevin Mayer and Tom Staggs with $2 billion in backing from Blackstone. Candle's been on an acquisition binge ever since.
Mayer and Staggs could co-run Disney like Michael Eisner and Frank Wells did in the 1980s.
There are plenty of things that need attention at Disney but none is more important than fine-tuning the company's streaming strategy. First, it needs to widen the content it puts on Disney+. If it doesn't, it's hard to see it reaching its goals for subscribers or profitability.
Iger gets all the credit for launching Disney+ in 2019. Now it's up to him to make it more profitable. That's no sure thing.
They say you can't put the genie back in the bottle. But, unfortunately, Disney's attempting to do just that. Shareholders shouldn't rejoice this move. It could easily backfire.
Comments